Occidental Petroleum: Between the Oil Business and a CO₂ Strategy
Occidental Petroleum exceeded market expectations in the second quarter. Adjusted earnings per share came in at USD 2.40, USD 0.55 above analyst estimates. Revenue rose to USD 8.32 billion, a 57% increase from the previous year. Global production reached 1.433 million barrels of oil equivalent per day. The main drivers of this performance are the Permian Basin and the Gulf of Mexi…
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